{"id":127297,"date":"2022-06-28T16:15:18","date_gmt":"2022-06-28T20:15:18","guid":{"rendered":"https:\/\/valorguardians.com\/blog\/?p=127297"},"modified":"2022-06-28T15:29:52","modified_gmt":"2022-06-28T19:29:52","slug":"french-president-gives-biden-a-reality-check-regarding-middle-east-oil-output","status":"publish","type":"post","link":"https:\/\/www.azuse.cloud\/?p=127297","title":{"rendered":"French President gives Biden a reality check regarding Middle East oil output"},"content":{"rendered":"<p style=\"text-align: center;\"><a href=\"https:\/\/www.azuse.cloud\/wp-content\/uploads\/2022\/03\/oil2.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-123628\" src=\"https:\/\/www.azuse.cloud\/wp-content\/uploads\/2022\/03\/oil2-300x288.png\" alt=\"\" width=\"300\" height=\"288\" srcset=\"https:\/\/www.azuse.cloud\/wp-content\/uploads\/2022\/03\/oil2-300x288.png 300w, https:\/\/www.azuse.cloud\/wp-content\/uploads\/2022\/03\/oil2-347x333.png 347w, https:\/\/www.azuse.cloud\/wp-content\/uploads\/2022\/03\/oil2.png 639w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Middle East oil producing countries appear to be among Joe Biden&#8217;s &#8220;turn to&#8221; for hopes to address oil prices. However, his French counterpart reminded him that the United Arab Emirates is at capacity, and that Saudi Arabia has some room to increase capacity. Increasing the capacity would take six months at a minimum.<\/p>\n<p><span style=\"color: #0000ff;\"><b> From Reuters:<\/b><\/span><\/p>\n<blockquote><p>Saudi Arabia and the UAE have been perceived as the only two countries in the Organization of the Petroleum Exporting Countries (OPEC) with spare capacity to boost global deliveries that could reduce prices.<\/p>\n<p>&#8220;I had a call with MbZ,&#8221; Macron was heard telling U.S. President Joe Biden on the sidelines of the G7 summit, using shorthand for UAE leader Sheikh Mohammed bin Zayed al-Nahyan. &#8220;He told me two things. I&#8217;m at a maximum, maximum (production capacity). This is what he claims.&#8221;<\/p>\n<p>&#8220;And then he said (the) Saudis can increase by 150 (thousands barrels per day). Maybe a little bit more, but they don&#8217;t have huge capacities before six months&#8217; time,&#8221; Macron said.<\/p>\n<p>A statement from the UAE&#8217;s top energy official late on Monday said that his country is producing its assigned OPEC+ quota of 3.168 million barrels per day (bpd). read more<\/p>\n<p>&#8220;In light of recent media reports, I would like to clarify that the UAE is producing near to our maximum production capacity based on its current OPEC+ production baseline,&#8221; said Energy Minister Suhail bin Mohammed Al Mazrouei.<\/p><\/blockquote>\n<p>Reuters has the article <a href=\"https:\/\/www.reuters.com\/world\/macron-tells-biden-that-uea-saudi-can-barely-raise-oil-output-2022-06-27\/\">here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Middle East oil producing countries appear to be among Joe Biden&#8217;s &#8220;turn to&#8221; for hopes to &hellip; <a title=\"French President gives Biden a reality check regarding Middle East oil output\" class=\"hm-read-more\" href=\"https:\/\/www.azuse.cloud\/?p=127297\"><span class=\"screen-reader-text\">French President gives Biden a reality check regarding Middle East oil output<\/span>Read more<\/a><\/p>\n","protected":false},"author":661,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[518],"tags":[],"class_list":["post-127297","post","type-post","status-publish","format-standard","hentry","category-biden"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/127297","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/661"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127297"}],"version-history":[{"count":0,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/127297\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127297"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127297"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127297"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}